Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished higher on Monday. Here’s a short recap of the Australian market: S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) higher 0.3% to 5,886.00 ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 0.20% to 5,976.00 AUD/USD at US 77 cents Gold at US$1,333.30 an ounce Brent Oil at US$74.05 a barrel One of the biggest price movements today was iSelect Ltd’s (ASX: ISU) fall of 55% after a large profit downgrade and news of the CEO leaving the company. Regional bank Bendigo and Adelaide Bank Ltd (ASX: BEN) was the best performer in…
Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished higher on Monday.
Here’s a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) higher 0.3% to 5,886.00
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 0.20% to 5,976.00
- AUD/USD at US 77 cents
- Gold at US$1,333.30 an ounce
- Brent Oil at US$74.05 a barrel
The managing director of Blue Sky Alternative Investments Ltd (ASX: BLA), Rob Shand, resigned today – this sent the Blue Sky share price down another 10.4%.
AMP Limited (ASX: AMP) is not faring well from the royal commission, it fell another 3% today.
Brokers and investors aren’t pleased with the Australian Pharmaceutical Industries Ltd (ASX: API) result which was released last week, the share price has dropped another 6.3%.
Galaxy Resources Limited (ASX: GXY) released its quarterly figures today, the market didn’t like it with the share price dropping by 3%.
Here are some of today’s top stories:
- Australia & New Zealand Bank flags $50 million Royal Commission cost
- Royal Commission trumps rising rates risk for banks
- Morgans says AMP Limited shares are a “Buy”
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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia has recommended G8 Education Limited and Kogan.com ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.